TechFlow News: On June 2, according to on-chain analyst Ember (@EmberCN), Tether’s BTC reserve address transferred 204.3 BTC—worth approximately $14.36 million—to Bitfinex three hours ago. Since 2023, this address has consistently purchased BTC using 15% of the company’s profits and currently holds 96,936 BTC—valued at roughly $6.72 billion—making it the fifth-largest BTC wallet. Based on the price at which these BTC were withdrawn from Bitfinex, their average purchase price is approximately $51,312, resulting in an unrealized gain of about $1.75 billion.
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